24.03 - GOLD Futures: Upward trend continues

In light of preliminary data from CME Group, open interest in Gold futures markets increased by around 10.5K contracts on Monday, reversing three consecutive daily pullbacks. Volume followed suit and rose by around 145.6K contracts after four consecutive daily pullbacks.

Prices of the ounce troy of gold advanced markedly on Monday amidst rising open interest and volume. That said, the continuation of the move up looks likely with the immediate target at the $1,600 mark/oz.

Many efforts are made to send and provide the best accurate tools. However, ToolsTrades™ cannot guarantee methods and provided tools. The examples, articles, videos and guides shown on this website should not be referred to as a promise. The potential and results are entirely depended on the user. A lot of factors are included in your success in trading. The tools shouldn’t be referred to as a guaranteed success, not in any point. There is no guarantee that you can replicate the success that shown on this website. When you trade - any amount of capital is at risk. Moreover, Any form of trading complies to different rules and regulations in different countries. ToolsTrades™ is not responsible in any way for your communication with other instruments. The responsibility of trading and compliance to local laws and rules applies solely on the user and on the company that provides him for trading. All the information displayed on our website, including the tools, is based solely on AI opinion. We should not be referred as an investing or finance advisors.